RBL Bank Fixed Deposit
Last Updated : June 27, 2020, 1:03 a.m.
About RBL Bank Fixed Deposit
RBL Bank fixed deposits make saving easy for customers of all age group. The investors get the benefit of high-interest rate and overdraft. The deposits are not locked and can be withdrawn in parts or fully. Moreover, you receive the interest at the frequency selected by you. The procedure to book a fixed deposit is simple. Both existing and new customers can avail the facility of fixed deposits at RBL Bank. Bank offers various schemes taking into consideration the requirements of its customers.
- RBL Bank Regular Fixed Deposits
- RBL Bank Senior Citizen Fixed Deposits
- RBL Bank Flexi – Sure Fixed Deposits
- RBL Bank Tax Savings Fixed Deposits
RBL Bank Fixed Deposit Interest Rate Table
(Effective from 01.09.2017)
| Deposits less than ₹2 Crore | Deposits of ₹2 Crore & above up to ₹3 Crore | |||
|---|---|---|---|---|
| Tenure | Interest Rates (%) | Annualized rate % for Senior Citizen | Interest Rates (%) | Annualized rate % for Senior Citizen |
| 7 days – 14 days | 5.00 | 5.50 | 5.00 | 5.50 |
| 15 days - 45 days | 5.50 | 6.00 | 5.50 | 6.00 |
| 46 days – 90 days | 6.15 | 6.65 | 6.15 | 6.65 |
| 91 days – 180 days | 6.40 | 6.90 | 6.40 | 6.90 |
| 181 days – 240 days | 6.65 | 7.15 | 6.65 | 7.15 |
| 241 days – 364 days | 6.65 | 7.15 | 6.65 | 7.15 |
| 12 months - less than 24 months | 7.20 | 7.70 | 7.20 | 7.70 |
| 24 months – less than 36 months | 7.25 | 7.75 | 7.25 | 7.75 |
| 36 months – less than 60 months | 7.00 | 7.50 | 7.00 | 7.50 |
| 60 months – less than 120 months | 7.15 | 7.65 | 7.15 | 7.65 |
| 120 months – 240 months | 6.65 | 7.15 | 6.40 | 6.90 |
How To Apply
The interested candidates can apply for the fixed deposit by visiting the nearest bank branch. The existing RBL account holders can book the deposits through internet banking.
RBL Bank Fixed Deposit Schemes
1. RBL Bank Regular Fixed Deposits
This is the idle investment for people who want to receive regular monthly income at the high rate of interest. Depositors can invest for the period ranging from 7 days to 20 years.
| Particulars | Details |
|---|---|
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 20 years |
| TDS | Applicable |
| Nomination Facility | Available |
| Premature/ Partial Withdrawal | Allowed |
| Loan/Overdraft Facility | Available |
2. RBL Bank Senior Citizen Fixed Deposits
Senior Citizens can enjoy the benefit of additional interest on the fixed deposit made under this scheme. The multiple interest payout options and the wide range of tenure make investment convenient for the senior citizens.
| Particulars | Details |
|---|---|
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 20 years |
| Interest Payout Frequency | Monthly, quarterly or keep invested till maturity |
| TDS | Applicable |
| Nomination Facility | Available |
| Premature/ Partial Withdrawal | Allowed |
3. RBL Bank Flexi – Sure Fixed Deposits
In this scheme, the fixed deposit is linked to the depositors current or savings account. The deposits can be easily liquidated to meet the shortfall in the account. The amount of deficit is withdrawn from the fixed deposit and transferred to the account. The remaining deposit amount yields interest at the same rate of interest.
4. RBL Bank Tax Savings Fixed Deposits
The depositor can save tax on the amount ranging from ₹100 to ₹1,50,000. The interest is paid out monthly, quarterly or at maturity as per customer’s demand.
RBL Bank Tax Savings Fixed Deposit Interest Rate Table
| Period | Regular | Senior Citizen |
|---|---|---|
| 60 months to 120 months | 7.56 | 8.08 |
Features/ Benefits
- Wide range of tenure
- Overdraft facility
- Multiple interest payout options
- Deposits can be easily liquidated
RBL Bank Fixed Deposit Calculator
To know how much interest you can earn on the fixed deposit use the RBL Bank FD Calculator. The calculator will compute the maturity amount and the interest receivable. Just enter the amount of deposit and tenure of deposit. The calculator applies the rate of interest applicable on the section (general, senior citizen) and the selected tenure.
RBL Bank Fixed Deposit Application Form
To avail the fixed deposit benefits at RBL, the investor needs to fill the application form available at the RBL Bank branches. The form comprises of the following fields that are to be necessarily filled:
- Applicant’s name
- Customer ID (for existing customer)
- In type of account section- choose the fixed deposit
- Fixed Deposit Details (amount of deposit, tenure and interest payout frequency)
- Nomination Details
Documentation
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving License | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any other ID proof or address proof document can be submitted subject to bank's satisfaction |
